
U.S. stock futures moved higher early Wednesday after President Donald Trump announced an extension of the U.S.–Iran ceasefire, easing immediate fears of renewed conflict. The gains followed a weaker regular session in which all three major indices fell as investors worried the truce would expire without a peace deal. However, sentiment improved after Trump said the ceasefire would remain in place while waiting for a unified proposal from Iran , though the U.S. blockade of Iranian ports will continue. Despite the extension, uncertainty remains high.
Asia-Pacific markets were mixed on Wednesday, with Japan’s Nikkei 225 hitting a new record high.mJapan outperformed after stronger trade data showed that Japan’s exports rose for a seventh consecutive month in March, increasing 11.7% year-on-year, beating expectations and showing resilience despite disruptions caused by the Middle East conflict.
Strong demand from key markets supported trade, with exports to the U.S. and China both rising, while imports also increased sharply due to higher costs. Japan still recorded a trade surplus, though smaller than forecasts.
Looking ahead, the Bank of Japan is widely expected to keep rates unchanged next week, while maintaining a cautious tightening stance as inflation pressures from a weak yen and higher energy costs persist.
Meanwhile, oil prices pulled back, suggesting markets are still balancing diplomatic hopes against the risk that the Middle East conflict could continue.
Silver rebounded on Wednesday, rising more than 1% from a one-week low near $75.50 and trading around the mid-$78 range. Gold recovered modestly above $4,750 on Wednesday, bouncing from a recent one-week low as the US dollar softened after the temporary extension of the U.S.–Iran ceasefire.
Additional pressure comes from expectations that the Federal Reserve may stay less dovish, supported by strong U.S. retail sales data and slightly hawkish comments from Fed Chair nominee Kevin Warsh. With no major U.S. data due, gold is likely to remain driven by geopolitical headlines and developments in the U.S.–Iran situation.
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